Create a Bornhuetter-Ferguson model and run suite of tools
The Bornhuetter-Ferguson technique estimates incurred but not reported (IBNR) insurance claim amounts. This technique uses both reported or paid losses as well as an a priori expected loss ratio to arrive at an ultimate loss estimate.
|Compute projected ultimate claims for |
|Compute IBNR claims for |
|Compute unpaid claims estimates for |
|Display summary report for Bornhuetter-Ferguson analysis|
- Overview of Claims Estimation Methods for Non-Life Insurance
Unpaid claims estimation using development triangle, chain ladder, expected claims, Bornhuetter-Ferguson, and Cape Cod methods.